Published on 10/26/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $775,000 notes due 2022 on Motif National Defense
By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – GS Finance Corp. priced $775,000 of 0% notes due April 25, 2022 linked to the Motif Capital National Defense 7 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus 1.15 times any index gain. If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Notes
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Underlying index: | Motif Capital National Defense 7 ER index
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Amount: | $775,000
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Maturity: | April 25, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.15 times any index gain; if the index falls, par
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Initial level: | 137.71
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Pricing date: | Oct. 24
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Settlement date: | Oct. 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.75%
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Cusip: | 40056EA81
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